Reversal Radar

**Reversal Radar - Multi-Indicator Confirmation System**

This script combines five proven technical analysis methods into a unified reversal signal, reducing false signals through multi-indicator confirmation.

**INDICATORS USED:**

1. ADX/Directional Movement System
Determines trend direction via +DI and -DI comparison. Signal only during downtrend condition (DI- > DI+). Filters out sideways markets.

2. Custom Linear Regression Momentum
Proprietary momentum calculation based on linear regression. Measures price deviation from Keltner Channel midline. Signal on negative but rising momentum (beginning trend reversal).

3. Williams VIX Fix (WVF)
Identifies panic-selling phases. Calculates relative distance to recent high. Signal when exceeding Bollinger Bands or historical percentiles.

4. RSI Oversold Filter
Default RSI < 35 (adjustable 30-40). Filters only oversold zones for reversal setups.

5. MACD Confirmation
Signal only when MACD below zero line and below signal line. Confirms ongoing weakness before potential reversal.

**FUNCTIONALITY:**

The system generates a BUY signal only when ALL activated filters are simultaneously met. Each indicator can be individually enabled/disabled. Flexible parameter adjustment for different markets/timeframes. Reduces false signals through multi-confirmation.

**APPLICATION:**

Suitable for swing trading on higher timeframes (4H, Daily), reversal strategies in oversold markets, and combination with additional confirmation indicators.

Setup: Activate desired filters, adjust parameters to market/timeframe, check BUY signal as entry opportunity. Additional confirmation through volume/support recommended.

**INNOVATION:**

The Custom Linear Regression Momentum is a proprietary development combining Keltner Channel logic with linear regression for more precise momentum detection than standard oscillators.

**DISCLAIMER:**
This tool serves as technical analysis support. No signal should be traded without additional confirmation and risk management.